MARA HOLDINGS INC MARA
COM · Common Stock · CUSIP 565788106 · ISIN US5657881067
American patent holding company
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($1.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $22.46. Options: 32 managers hold calls ($741.0m notional), 40 hold puts ($930.2m).
Trends to Q1 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 202 |
| Q4 2022 | 221 |
| Q1 2023 | 207 |
| Q2 2023 | 217 |
| Q3 2023 | 217 |
| Q4 2023 | 274 |
| Q1 2024 | 302 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 105 | 81 |
| Q1 2023 | 108 | 87 |
| Q2 2023 | 121 | 74 |
| Q3 2023 | 116 | 86 |
| Q4 2023 | 182 | 67 |
| Q1 2024 | 186 | 132 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2023 | $326.0m | $444.0m | 1.36 |
| Q3 2023 | $237.3m | $256.1m | 1.08 |
| Q4 2023 | $1.1bn | $1.1bn | 0.99 |
| Q1 2024 | $741.0m | $930.2m | 1.26 |
Biggest buyers
| FIRST TRUST ADVISORS LP | Added | +3.0m |
| NORGES BANK | New | +2.6m |
| GOLDMAN SACHS GROUP INC | Added | +1.9m |
| SIMPLEX TRADING, LLC | New | +1.5m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | +1.4m |
| FMR LLC | Added | +1.4m |
| JPMORGAN CHASE & CO | Added | +1.1m |
| Calamos Wealth Management LLC | New | +1.0m |
| Invesco Ltd. | Added | +867.0k |
| GROUP ONE TRADING LLC | Added | +669.3k |
Biggest sellers
| MORGAN STANLEY | Reduced | -5.7m |
| TWO SIGMA INVESTMENTS, LP | Reduced | -2.2m |
| Driehaus Capital Management LLC | Sold out | -1.1m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -944.4k |
| Tidal Investments LLC | Reduced | -922.9k |
| TWO SIGMA ADVISERS, LP | Sold out | -822.1k |
| Squarepoint Ops LLC | Reduced | -602.4k |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | -593.4k |
| Mirae Asset Global Investments Co., Ltd. | Reduced | -500.3k |
| Hel Ved Capital Management Ltd | Sold out | -490.9k |
Biggest calls
| CITADEL ADVISORS LLC | Reduced | $164.3m7.3m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $145.4m6.4m shares |
| JANE STREET GROUP, LLC | Added | $144.1m6.4m shares |
| IMC-Chicago, LLC | Reduced | $81.6m3.6m shares |
| SIMPLEX TRADING, LLC | Reduced | $52.0m2.3m shares |
| NATIONAL BANK OF CANADA /FI/ | Reduced | $38.6m22.5k shares |
| WOLVERINE TRADING, LLC | Reduced | $31.1m1.4m shares |
| GROUP ONE TRADING LLC | Reduced | $25.8m1.1m shares |
| GTS SECURITIES LLC | Reduced | $19.3m855.0k shares |
| Cubist Systematic Strategies, LLC | Reduced | $8.5m378.2k shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $172.1m7.6m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $152.2m6.7m shares |
| JANE STREET GROUP, LLC | Added | $97.0m4.3m shares |
| Shaolin Capital Management LLC | Added | $70.5m3.1m shares |
| GOLDMAN SACHS GROUP INC | Added | $69.5m3.1m shares |
| SIMPLEX TRADING, LLC | Reduced | $61.8m2.7m shares |
| IMC-Chicago, LLC | Reduced | $61.5m2.7m shares |
| JPMORGAN CHASE & CO | New | $54.2m2.4m shares |
| Parallax Volatility Advisers, L.P. | Reduced | $23.1m1.0m shares |
| WOLVERINE TRADING, LLC | Reduced | $22.9m1.0m shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 7.0% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 5.0% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)
Insider purchases and sales in Q1 2024
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q2 2022 | 1 | $148.5k | 0 | — | — |
| Q3 2022 | 1 | $68.6k | 0 | — | — |
| Q4 2022 | 3 | $429.0k | 0 | — | — |
| Q1 2023 | 0 | — | 1 | $72.5k | — |
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 0 | — | 2 | $375.1k | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 4 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-01-31 | ANTOUN GEORGES Director | Sold | —21.8k shares |
| 2024-01-31 | DENUCCIO KEVIN A Director | Sold | —31.8k shares |
| 2024-01-31 | James Sarita M. Director | Sold | —37.4k shares |
| 2024-01-31 | Ouissal Said Director | Sold | —31.2k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q1 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.01% of their portfolio | 23.9m $540.0m | Added +441.5k |
| BlackRock Inc. 0.01% of their portfolio | 17.4m $392.4m | Added +185.5k |
| JANE STREET GROUP, LLC 0.24% of their portfolio | 8.2m $185.6m | Reduced -258.2k |
| MORGAN STANLEY 0.00% of their portfolio | 6.9m $154.8m | Reduced -5.7m |
| STATE STREET CORP 0.01% of their portfolio | 5.8m $130.3m | Added +346.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 5.5m $123.1m | Added +214.4k |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 3.9m $87.9m | Added +1.9m |
| FIRST TRUST ADVISORS LP 0.07% of their portfolio | 3.2m $71.8m | Added +3.0m |
| NORGES BANK 0.01% of their portfolio | 2.6m $58.3m | New |
| NORTHERN TRUST CORP 0.01% of their portfolio | 2.1m $47.7m | Added +100.8k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.07% of their portfolio | 2.1m $47.6m | Added +1.4m |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.9m $42.7m | Added +1.1m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 1.9m $42.2m | Added +44.5k |
| CAPITAL FUND MANAGEMENT S.A. 0.43% of their portfolio | 1.6m $35.2m | Reduced -593.4k |
| GROUP ONE TRADING LLC 1.20% of their portfolio | 1.5m $33.8m | Added +669.3k |
| SIMPLEX TRADING, LLC 0.96% of their portfolio | 1.5m $33.0m | New |
| FMR LLC 0.00% of their portfolio | 1.4m $31.7m | Added +1.4m |
| Invesco Ltd. 0.01% of their portfolio | 1.2m $27.8m | Added +867.0k |
| Tidal Investments LLC 0.44% of their portfolio | 1.1m $25.9m | Reduced -922.9k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 1.1m $25.8m | Added +219.5k |
| Calamos Wealth Management LLC 1.28% of their portfolio | 1.0m $22.6m | New |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 896.4k $20.2m | Added +584.2k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 873.5k $19.7m | Reduced -71.8k |
| BARCLAYS PLC 0.01% of their portfolio | 819.0k $18.5m | Added +449.9k |
| Mirae Asset Global Investments Co., Ltd. 0.01% of their portfolio | 795.1k $6.0m | Reduced -500.3k |
| Qube Research & Technologies Ltd 0.03% of their portfolio | 722.7k $16.3m | Added +566.8k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 711.6k $16.1m | Reduced -38.4k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 691.2k $15.6m | Added +496.4k |
| VAN ECK ASSOCIATES CORP 0.02% of their portfolio | 633.7k $14.3m | Reduced -26.1k |
| LPL Financial LLC 0.01% of their portfolio | 577.6k $13.0m | Reduced -69.7k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 532.7k $12.0m | Reduced -144.7k |
| Vident Advisory, LLC 0.23% of their portfolio | 487.7k $11.0m | Reduced -78.3k |
| UBS Group AG 0.00% of their portfolio | 485.8k $11.0m | Added +260.9k |
| EXCHANGE TRADED CONCEPTS, LLC 0.28% of their portfolio | 472.7k $10.7m | Reduced -320.8k |
| Swiss National Bank 0.01% of their portfolio | 439.6k $9.9m | Added +22.6k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 430.9k $9.7m | Added +427.2k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 347.8k $7.9m | Added +333.3k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 347.3k $7.8m | Added +45.6k |
| CITIGROUP INC 0.01% of their portfolio | 342.6k $7.7m | Added +311.7k |
| Walleye Capital LLC 0.08% of their portfolio | 340.0k $7.7m | Added +230.0k |
| California Public Employees Retirement System 0.01% of their portfolio | 320.3k $7.2m | New |
| Cubist Systematic Strategies, LLC 0.08% of their portfolio | 309.2k $7.0m | Added +276.2k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 307.8k $7.0m | New |
| Squarepoint Ops LLC 0.03% of their portfolio | 276.9k $6.3m | Reduced -602.4k |
| WOLVERINE TRADING, LLC 0.06% of their portfolio | 270.0k $6.1m | Added +107.5k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 260.3k $5.9m | Added +14.8k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 244.7k $5.5m | Added +146.1k |
| Legal & General Group Plc 0.00% of their portfolio | 228.0k $5.1m | Added +12.2k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 223.1k $5.0m | Reduced -818 |
| CREDIT SUISSE AG/ 0.00% of their portfolio | 217.5k $4.9m | Added +7.3k |
| SG Americas Securities, LLC 0.02% of their portfolio | 209.5k $4.7m | Reduced -56.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 200.3k $4.5m | Added +21.6k |
| Walleye Trading LLC 0.07% of their portfolio | 194.0k $4.4m | Reduced -30.8k |
| PANAGORA ASSET MANAGEMENT INC 0.02% of their portfolio | 171.8k $3.9m | New |
| STOREBRAND ASSET MANAGEMENT AS 0.01% of their portfolio | 171.2k $3.9m | New |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 168.2k $3.8m | Added +9.7k |
| Cetera Investment Advisers 0.01% of their portfolio | 163.7k $3.7m | New |
| Shaolin Capital Management LLC 0.13% of their portfolio | 163.6k $3.7m | Reduced -11.4k |
| EverSource Wealth Advisors, LLC 0.20% of their portfolio | 157.4k $2.5m | Added +92.6k |
| Schonfeld Strategic Advisors LLC 0.03% of their portfolio | 148.0k $3.3m | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 145.0k $3.3m | Added +72.5k |
| State of New Jersey Common Pension Fund D 0.01% of their portfolio | 130.2k $2.9m | Reduced -71.9k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 128.8k $2.9m | Added +19.2k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio | 124.5k $2.8m | New |
| Centiva Capital, LP 0.15% of their portfolio | 121.4k $2.7m | Added +101.9k |
| HighTower Advisors, LLC 0.00% of their portfolio | 117.6k $2.7m | Added +41.6k |
| MetLife Investment Management, LLC 0.02% of their portfolio | 114.4k $2.6m | Added +3.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 110.8k $2.5m | Reduced -944.4k |
| AMERICAN INTERNATIONAL GROUP, INC. 0.01% of their portfolio | 110.5k $2.5m | Added +4.6k |
| Sara-Bay Financial 1.02% of their portfolio | 104.8k $2.3m | Added +16.1k |
| Cresset Asset Management, LLC 0.01% of their portfolio | 103.3k $2.3m | Reduced -300.5k |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 100.7k $2.3m | Added +91 |
| GTS SECURITIES LLC 0.06% of their portfolio | 98.7k $2.2m | New |
| Parallax Volatility Advisers, L.P. 0.06% of their portfolio | 92.0k $2.1m | Added +7.2k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 89.0k $2.0m | Reduced -861 |
| ClariVest Asset Management LLC 0.20% of their portfolio | 84.2k $1.9m | Added +51.4k |
| NOMURA HOLDINGS INC 0.02% of their portfolio | 84.1k $1.9m | Reduced -411.4k |
| Brookstone Capital Management 0.03% of their portfolio | 83.3k $1.9m | Reduced -18.8k |
| Ensign Peak Advisors, Inc 0.00% of their portfolio | 81.1k $1.8m | Added +8.5k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 73.2k $1.7m | Reduced -11.6k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 72.8k $1.6m | Reduced -2.2m |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 71.0k $1.6m | Added +1.4k |
| KINGSWOOD WEALTH ADVISORS, LLC 0.17% of their portfolio | 64.7k $1.5m | Reduced -8.7k |
| SRN Advisors, LLC 1.13% of their portfolio | 64.0k $1.4m | Reduced -66.4k |
| Aquatic Capital Management LLC 0.05% of their portfolio | 63.4k $1.4m | New |
| ARIZONA STATE RETIREMENT SYSTEM 0.01% of their portfolio | 61.2k $1.4m | Added +2.0k |
| Jefferies Financial Group Inc. 0.03% of their portfolio | 60.9k $1.4m | Added +59.6k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 59.3k $1.3m | Added +26.0k |
| Virtu Financial LLC 0.10% of their portfolio | 58.7k $1.3m | Reduced -10.7k |
| Foundations Investment Advisors, LLC 0.03% of their portfolio | 57.7k $1.3m | Added +1.9k |
| HAP Trading, LLC 0.40% of their portfolio | 57.2k $1.3m | New |
| Federation des caisses Desjardins du Quebec 0.01% of their portfolio | 53.6k $1.2m | Reduced -13.1k |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 53.4k $1.2m | New |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 52.6k $1.2m | Added +25.7k |
| Jump Financial, LLC 0.03% of their portfolio | 50.6k $1.1m | New |
| Amundi 0.00% of their portfolio | 50.5k $759.5k | New |
| Harvest Portfolios Group Inc. 0.04% of their portfolio | 49.5k $1.1m | Reduced -39.8k |
| Gladstone Institutional Advisory LLC 0.06% of their portfolio | 48.4k $1.1m | Added +13.0k |
| Rafferty Asset Management, LLC 0.00% of their portfolio | 46.0k $1.0m | New |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio | 45.6k $1.0m | Reduced -1.6k |